Reporting on what you didn’t know you needed to hear.
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Where does the state of WA stand?
The sentiment of ‘at least Western Australia is doing better than over east’ has saturated the public conscience, despite only being the third most affordable property market in the country behind the Australian Capital Territory and Northern Territory, according to Real Estate Institute of Australia data.
But beyond the numbers, how exactly does Perth compare to its counterparts and is it really Australia’s El Dorado for real estate?
Satellite cities in Australia? Suburban hubs orbiting the urban core
As major cities in Australia have grown to burst, cleverly planned satellite cities – also known as second CBDs – have risen to alleviate the strain such as Geelong in Melbourne and Sydney-adjacent Parramatta.
In the Perth metropolitan area, the City of Joondalup has been heralded as its only and successful example of this – but how does its performance compare to its eastern states counterparts and is Perth in need of a smaller sibling?
New line on track to improve connectivity
The 21km Metronet Morley-Ellenbrook line is set to officially open tomorrow Sunday December 8, starting at Bayswater Station and travelling through five new stations at Morley, Noranda, Ballajura and Whiteman Park to Ellenbrook.
However, for a city as spread out as Perth and so reliant on public transport to traverse those distances, what does improved infrastructure like train access mean for property prices?
Unlocking lazy land potential
We are often told to work smarter not harder or to get the most bang for our buck – and the same can be said of the way land is utilised for residential use.
This is principle is particularly salient in today’s market, where metropolitan land is rising towards a premium and Western Australia cannot afford to let the sleeping dog – known as ‘lazy land’ – lie any longer.
Desirability in medium density
The strength of a stakeholder is found in their ability to adapt to changes in the market – and amidst the dramatic shifts on Perth’s real estate stage, Western Australians are rising to the occasion.
Making a shift to canopies or the coast
Making a tree change to rural forests or a sea change to a beachside home saw a significant increase during COVID-19 and has not abated despite current market volatility.